Hi HNers,
I co-founded a company with someone I knew from work. We were not best friends, but we know each other from a professional perspective.
I am a tech person, mostly behind the scenes. My co-founder is a salesperson, responsible for closing the deals.
The company is doing great, I couldn't dream of a better fate financially. Deals are flowing, we are both making money, and life felt beautiful unless I recently got to know that my co-founder is stealing money from the company, hence from me. When he's closing the deals, he charges clients much more than he tells me and puts that money into his pockets.
For example, he negotiates $150 for a deal, brings in $120 to the company (we cover the opex and split the profit as a dividend) and that $30 goes directly to his pockets.
He's been doing this for over a year, costing me six figures by my estimates.
I could potentially sue him and get my money back. But the issue is that if I start a battle with my co-founder the music will soon finish, he will stop bringing in money in the company. I will probably loose all the upcoming profit (MUCH greater than what he steals from me) and other people, that I brought in the company (some of them are close friends) will be affected (if no runaway money, I will be forced to send them to homes).
What would be your advise, other than legal battle?
Comments URL: https://news.ycombinator.com/item?id=33885114
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